Lebanon and Israel sign US-mediated sea border deal, deliver them to UN ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 26
Lebanon and Israel signed copies of a US-mediated sea border deal on Thursday and delivered them to the UN in the coastal border town of Naqoura. The agreement to demarcate the maritime border comes after months of indirect talks mediated by Amos Hochstein, the US envoy for energy affairs, and would mark a major breakthrough in relations between the two nations, which have formally been at war since Israel's creation in 1948. Lebanon and Israel both claim around 860 square kilometers (330 square miles) of the Mediterranean Sea that are home to offshore gas fields. Lebanon hopes that demarcating maritime borders will pave the way for gas exploration to help lift it out of its crippling econom

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